Nuclear loan guarantees 'undersized': Goldman Sachs banker

[bananas]

"That would only be enough for about three new reactors, Gilbertson said"

It was supposed to finance six reactors.
The nuclear rennaissance is down to 3 reactors.
When they ask for more loans, remember the CBO (and independant analysts)
said the risk of default is "very high – well above 50 percent."
It's an expensive boondoggle.

http://www.platts.com/Nuclear/News/6930683.xml

Nuclear loan guarantees 'undersized': Goldman Sachs banker

Washington (Platts)--31Jul2008

At $18.5 billion, the US Department of Energy's loan guarantee program
for new nuclear reactors is "undersized," John Gilbertson, a managing director
at investment bank Goldman Sachs said Thursday.

That would only be enough for about three new reactors, Gilbertson said
at a Center for Strategic and International Studies meeting on the business
case for nuclear power.

Fellow panelist John Matthews, a partner in the law firm Morgan Lewis &
Bockius, added that the industry might need in excess of $100 billion in loan
guarantees for 30 new reactors in the US. Loan guarantees are vital to the
construction of new nuclear units, he said.

<snip>

[madrchsod]

1. the last reactor that com ed of northern illinois built

came in at 5-6 billion dollars in the early 70`s. none of these figures are even close to the costs of building 3 or 30 new reactors 2008.

news flash-
we do not have the manufacturing capacity to build most of the reactors components in the usa. so most of the components will be bought offshore. we do not have the skilled workers to build the reactors.

[madokie]

2. Waiting for Armageddon is not a plan to deal with the waste, now is it?

Just think of all the money that has been wasted in the pursuit of energy too cheap to meter. Not to mention the proliferation of nuclear bombs or anything like that.



Until the waste is addressed nothing more needs be done concerning nuclear energy

[kristopher]

3. I take it you read the post where someone claimed a nuclear plant was $2B? nt

[bananas]

4. Not in a long time.

LOL, is someone still using that number?
edit to add: Do you have a link to that post?

[kristopher]

5. Sure, here you go.

Sometimes people amaze me.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=115&topic_id=165192&mesg_id=165659

[jpak]

6. $2B/GW was pure NEI propaganda - without any Real World cred whatsoever

but lotsa folks took it hook line and sinker...

[bananas]

7. NEI has a new white paper out: overnight costs from $2,400 to $4,540/kWe

From the NEI blog:
"Credible estimates of overnight capital costs range from $2,400/kWe to as much as $4,540/kWe."
"capital costs in the $4,000/kWe to $6,000/kWe range"
http://neinuclearnotes.blogspot.com/2008/08/nei-white-paper-on-new-nuclear-plant.html